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May 13, 2014
Big Magic Johnson, what has he done? He’s got AIDS. Did he do any business? Did he help anybody in South LA? … What kind of guy goes to every city and has sex with every girl and catches AIDS? … I don’t think he’s a good example for the children of Los Angeles.

Donald Sterling, on Magic Johnson. In an exclusive interview with Anderson Cooper, he said Johnson “should be ashamed of himself” for having HIV. (via washingtonpost)

How to get people on your side: Criticize one of the most famous and philanthropic athletes of all time. Johnson’s post-NBA career decimates absolutely every stereotype about HIV—every stereotype that Sterling would be quick to throw on him based on his interview with AC.

Also, this response to the interview was pure class, Magic.

(via bookoisseur)

11:49 // 4 months ago
March 28, 2012

Group led by Magic Johnson spends a crapload buying the Dodgers

  • $2 billion winning bid to buy an iconic Los Angeles baseball team source

» Saddled with debt: The bidding group, led by former NBA star-turned-entrepreneur Magic Johnson, is about to set a record for the most expensive team purchase in history, topping a $1.1 billion 2008 buyout of the Miami Dolphins and a $1.47 billion buyout of Manchester United in 2005. (Well, a federal bankruptcy court still needs to approve the sale.) The team, currently owned by Frank McCourt, declared bankruptcy in June of last year after admitting the team has $600 million in outstanding debt. McCourt had to sell the franchise partly because of an expensive divorce, and was told by a court in December that he could not sell the team’s media rights, leading to his sale of the team. But he’s still making out like a bandit — even considering that he has to cover the debt on the team’s sale, he spent just $330 million to buy the team eight years ago, along with another $100 million to build the team’s current stadium.

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10:54 // 2 years ago
November 7, 2011
20 years ago Monday, Magic Johnson told the world he had HIV. At the time, the disease had an expiration date — one that millions of people have died fighting. Johnson, however, has managed to beat the odds, thanks to medical breakthroughs. Not that it was an easy announcement at the time — even for a man of his celebrity and good-guy stature, it required some walking on eggshells. ”I knew I was going to suffer,” he says. “But if this could help someone else who was suffering, then I would do it.” But in the end, Johnson’s reputation won out, allowing him to use his celebrity to encourage funding for research into stopping the disease for everyone — not just him. The L.A. Times has a couple of great stories up about Magic. Read them both. They’re worth it.

20 years ago Monday, Magic Johnson told the world he had HIV. At the time, the disease had an expiration date — one that millions of people have died fighting. Johnson, however, has managed to beat the odds, thanks to medical breakthroughs. Not that it was an easy announcement at the time — even for a man of his celebrity and good-guy stature, it required some walking on eggshells. ”I knew I was going to suffer,” he says. “But if this could help someone else who was suffering, then I would do it.” But in the end, Johnson’s reputation won out, allowing him to use his celebrity to encourage funding for research into stopping the disease for everyone — not just him. The L.A. Times has a couple of great stories up about Magic. Read them both. They’re worth it.

0:42 // 2 years ago
October 22, 2010

Magic Johnson sold his Starbucks. Is a venti-sized deal next?

  • what Magic Johnson has been on a selling spree lately. A day after selling his share in the Lakers, he sold his 105 Starbucks franchises, many of which are known for being located in inner-city areas.
  • why There’s a rumor that Johnson wants to buy a sports team with his money. He’s made around $100 million from the sale of his two major investments, so he could afford something that big.
11:40 // 3 years ago